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Klarna Well Positioned to Handle Crisis

Klarna Well Positioned to Handle Crisis

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FintechNews RoundupUSA
··1 min read

Klarna CEO Sebastian Siemiatkowski gives a daily update each day on how the company is doing during the crisis and so far the company has yet to see a big impact; the company raised $460mn last year and has a healthy balance sheet with a capital ratio of 28 percent; Klarna’s capital ratio is better than most Swedish banks who are considered the best capitalized banks in Europe; the company is also well positioned to benefit from retailers who are looking to shut brick and mortar locations while beefing up their online presence; Klarna has come under some fire for their credit practices but have announced tightening since the crisis started and a new law in Sweden removes the credit offering as a default option. Financial Times

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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